Fund managed by InfraRed Capital Partners Limited agreed to acquire C3 Limited from Brookfield Asset Management Ltd. for approximately NZD 300 million.
A fund managed by InfraRed Capital Partners Limited agreed to acquire C3 Limited from Brookfield Asset Management Ltd. for approximately NZD 300 million on October 7, 2026. Brookfield Asset Management Ltd. is a publicly traded company with the ticker symbol BAM.
How this was made
The 30-second read
Why it matters
The transaction provides Brookfield with cash and reduces exposure to C3, while the buyer expands its portfolio in the NZ market.
Market read
A mid‑size M&A deal that could modestly affect Brookfield's share price and signals ongoing activity in the NZ private‑equity market.
What to watch
Potential strategic synergies for the buyer and any earn‑out or performance clauses not disclosed.
Background
InfraRed Capital Partners' fund is acquiring C3 Limited from Brookfield for NZD 300 million, representing the lower end of typical deal sizes for value‑add funds.
Market effects
The deal signals continued consolidation in the NZ private‑equity space, potentially prompting other funds to seek similar opportunities.
May influence New Zealand private‑equity valuations and affect regional fund flows.
Limited; primarily a niche transaction with modest global impact.
Counterpoint
If Brookfield can redeploy the proceeds into higher‑growth assets, the sale could be viewed positively for long‑term earnings.
Key entities
- Fund ManagerInfraRed Capital Partners Limited
Buyer of C3 Limited.
- Target CompanyC3 Limited
Company being acquired.
- SellerBrookfield Asset Management Ltd.
Current owner of C3 Limited.
